Wilkinson Global Asset Management LLC Sells 10,190 Shares of Chevron Co. (NYSE:CVX)

Wilkinson Global Asset Management LLC decreased its holdings in Chevron Co. (NYSE:CVX - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,593 shares of the oil and gas company's stock after selling 10,190 shares during the quarter. Wilkinson Global Asset Management LLC's holdings in Chevron were worth $955,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Life Planning Partners Inc bought a new stake in shares of Chevron during the fourth quarter worth approximately $25,000. Rational Advisors LLC bought a new stake in Chevron during the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of Chevron in the third quarter valued at about $29,000. Darwin Wealth Management LLC bought a new position in shares of Chevron in the third quarter valued at about $30,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Chevron in the third quarter valued at about $31,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Down 1.2 %

CVX traded down $1.87 during mid-day trading on Friday, reaching $156.92. 6,686,883 shares of the stock were exchanged, compared to its average volume of 6,690,703. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a market capitalization of $282.00 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The company has a 50 day moving average price of $151.97 and a two-hundred day moving average price of $150.99. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period in the prior year, the firm earned $3.45 EPS. As a group, research analysts anticipate that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.71 per share. This is a positive change from Chevron's previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.36%. Chevron's payout ratio is presently 70.37%.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CVX. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and upped their price target for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Truist Financial decreased their price target on shares of Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Barclays decreased their price target on shares of Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. UBS Group reduced their price objective on shares of Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Chevron from $188.00 to $184.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.